On June 29, the Bitcoin (BTC) price broke out from a short-term descending resistance line. This could have been the beginning of an upward move that takes the price towards $9,300-$9,400.
However, the longer-term outlook is still bearish, and BTC is expected to eventually decrease towards the range low.
Short-Term Bitcoin Breakout
The Bitcoin price had been decreasing alongside a
Bitcoin’s Short-Term Breakout Could Lead to a Bounce
In Brief
The Bitcoin price has broken out from a short-term descending resistance line.
There is minor support at $9,050.
The daily bias appears bearish.
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